Published October 9, 2026 in Market Update

Ridgewood Has 21 Homes for Sale. That Is 0.9 Months of Supply.

By Kevin Cavanaugh

Real estate, Ridgewood Market Update Clean v2

Most sellers in Ridgewood come in expecting a straightforward win. Low inventory, strong demand, good schools. They figure they can price a little high and see what happens. I pulled every listing through October 8, 2026, and here is what the numbers actually show.

Low supply does not protect a bad price

Yes, Ridgewood is tight. There are 21 homes for sale right now. At the pace homes have been selling, that is 0.9 months of supply. Nationally, the housing supply sits at 4.9 months, according to NAR. Ridgewood is not even close to that.

But here is the thing. The typical home sold for 97.2% of what it first asked. Not 105%, not 110%. 97.2%. Low supply does not mean buyers will pay whatever you put on the sign. Price it right and they compete. Price it wrong and they wait.

The homes that sold within the first month tell the clearest story. They got 119.4% of what they first asked. That is not a typo. Homes priced to move in Ridgewood did not just sell fast, they sold well above asking. The typical sale in that group closed in 12 days.

The homes that dragged on told a different story. Ten homes came off the market with no sale and never came back. Their typical first asking price was $1,237,000. The gap between what they asked and what the market was willing to pay was real enough that they never found a buyer at all.

Does pricing high actually get you more in Ridgewood?

The month-by-month numbers show how quickly the market can shift. In June, the typical home sold for 132.4% of what it first asked. By August, that number was 96.5%. Same town, same streets, very different results.

What this means for you right now

If you are selling, the supply picture is genuinely in your favor. There are only 21 homes competing with yours. But one in three of those homes already cut their price, and the typical cut was $150,001. That money does not come back. The sellers who got the most were the ones priced right from day one, not the ones who tested high and adjusted. The 30-year fixed mortgage rate is at 7.40% as of October 8, 2026, up from 6.30% a year ago, according to Freddie Mac's weekly rate survey. Buyers are watching their monthly payment closely. Every dollar over market value is a harder sell than it was a year ago.

If you are buying, the pace here is fast. The typical home sold in 13 days. Homes that sold in week two of their listing got 116.8% of asking. That means if a home has been sitting for three or four weeks, there may be room to negotiate, especially if it has already cut its price. Of the 21 homes for sale right now, 7 have already dropped. That is where the conversation starts.